Investors to look to growth, reforms once post-poll euphoria over: NSE chief
Investors are pinning hope on reforms and GDP expansion from the new government and would look to growth numbers once the post-election euphoria dies down, National Stock Exchange's head Vikram Limaye said Tuesday.
The comments come amid expectations of economic growth slipping to around 6 per cent in the last quarter of FY2018-19, which is much below the aspirational 9-10 per cent level.
"Growth has to pick up once the euphoria (after election) dies down. People will be focused on fundamentals ... and I think there is some catching up to do in terms of economic growth," Limaye, the Managing Director and Chief Executive of NSE said.
He said for now, the markets are very positive of the election outcome as investors feel continuity to be a positive.
Limaye added that now, everybody is hopeful for growth and reforms from the new government.
In a report Monday, economists at the country's largest lender SBI said the GDP growth will slip to 6.1 per cent for the January-March period, which